-
Essay / Accountant in the Global Era Essay - 3000
They can do this by introducing or removing policies, such as the open door policy. They can change the standards to which the profession must adhere with an example of evolution towards IFRS. “Accounting education has long been underdeveloped in China” (Yining Chen & Kam C. Chan, 2009 p.100). Implementing better education or testing systems could be something the Chinese government seeks to develop or a way in which the government influences the profession. Ernst and Young must be ready to adapt to these changes and principles. China is an ever-changing and growing market and part of the risk of entering this market is that the profession and economy are subject to change, particularly from governments.